For SaleCondominium

Azalea 5

Naracho, Aoba-ku, Yokohama-shi, Kanagawa
  • Renovated June 2024 (full)
  • Corner unit
  • Private garden
  • Pets negotiable
Asking Price
¥31,000,000
Est. Net Yield: 7.23%
Azalea 5 - 1/15
1 / 15

Executive Summary

This is a 1st-floor corner unit in Azalea 5, a 3-story reinforced concrete apartment building constructed in June 1982, located in Naracho, Aoba-ku, Yokohama-shi, Kanagawa. It is situated a 9-minute walk from Tamagawagakuen-mae Station on the Odakyu Odawara Line. The unit features a floor area of 113.7 sqm, a 5LDK layout facing northwest, a private garden (28.8 sqm), a 1st-floor terrace (9.10 sqm), and balconies. Facilities include a system kitchen, a warm-water bidet toilet seat, and an intercom with a monitor. Renovations of water-related areas (kitchen, bathroom, toilet, washroom, plumbing and drainage pipes, water heater) and full interior renovations (floors, walls, ceiling, fixtures) were completed in June 2024. Land rights are ownership (share of 2039/10000), and the zoning is Category I Low-rise Residential Zone. The property is currently vacant, and the delivery timing is negotiable. Nearby facilities include commercial facilities at 632 m (8-minute walk), a convenience store at 646 m (9-minute walk), a bank at 788 m (10-minute walk), and a post office at 847 m (11-minute walk).

Property Details

Building Area
113.7 ㎡
Layout
5LDK
5 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1982
Floors
Floor 1 of 3
Earthquake Std.
To be confirmed
Est. Annual Rent
¥2,480,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
775.8 ㎡
Land rights
Freehold
Zoning
Category 1 low-rise residential zone

Costs besides the price

Parking
Yes · Free

Building management

Management type
Self-managed
Building manager
Live-in
Owners' association
Yes
Total units
5 units

Utilities & nearby

Gas
City gas
To elementary school
about 1271 m
To junior high school
about 3300 m

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Est. Gross Yield8.01%
Est. Net Yield7.23%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
8.01%
Est. Net Yield
7.23%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥31,460,000+¥2,240,000¥2,710,0008.2%1.7%
2yr¥31,940,000+¥4,480,000¥5,420,00016.3%5%
3yr¥32,420,000+¥6,720,000¥8,140,00024.6%6.1%
4yr¥32,900,000+¥8,970,000¥10,870,00032.8%6.6%
5yr¥33,400,000+¥11,210,000¥13,600,00041%6.9%
6yr¥33,900,000+¥13,450,000¥16,350,00049.3%7.1%
7yr¥34,410,000+¥15,690,000¥19,100,00057.6%7.2%
8yr¥34,920,000+¥17,930,000¥21,850,00065.9%7.3%
9yr¥35,450,000+¥20,170,000¥24,620,00074.2%7.3%
10yr¥35,980,000+¥22,420,000¥27,390,00082.6%7.4%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥2,159,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,089,000
Real Estate Acquisition Tax (est., rate varies by property type)¥550,000
Registration License Tax (title transfer)¥270,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥240,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
Inquire